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Legal & Real Estate

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Inside Ibiza

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Ibiza Optimista

Selling an inherited property in Ibiza

Anyone who inherits a property in Ibiza and plans to sell it directly to a third party must first settle the estate. To do this the inheritance must be accepted in Spain, and it is important to assign a value to the property, which will appear in the public deed. READ MORE

Published: 15/06/2024

Villa Contact: An Ibiza tradition reaching new heights

Villa Contact is one of the most highly respected real estate agencies in Ibiza, with dynamic young owners and impressive international connections. It is a family business that is run by three siblings, and how this came to be is a wonderful Ibiza story. The agency was founded in 1983 by th... READ MORE

Published: 15/04/2024

The Spanish Money Laundering Law

Some laws seem so far removed from the lives of normal citizens that people believe they can safely ignore them. The "Law on the Prevention of Money Laundering and the Financing of Terrorism" (Ley 10/2010 de prevención del blanqueo de capitales y de la financiación del terrorisimo) falls int... READ MORE

Published: 15/04/2024

Some Notary Functions are possible via Video Conference

Digital progress in Ibiza: New Law streamlines the work of international lawyers. The possibility of signing notarial deeds via videoconference since November 2023. Limitations for security reasons but significant advances in the process.  READ MORE

Is a seasonal rental contract OK for holiday rentals?

Ibiza generally prohibits tourist rentals, but some landlords attempt to bypass this by formalizing seasonal leases exceeding a month. However, distinctions exist between seasonal leases and tourist rentals under different legal provisions. While tourist rentals are regulated by the Tourism ... READ MORE

Understanding the New Balearic Inheritance Tax Laws

"🔍✨ Tax Changes in the Balearic Islands: The new Balearic government has approved tax benefits in the Inheritance Tax. How does this affect residents and non-residents? We analyze the implications and options for informed inheritance planning. #InheritanceTax #EstatePlanning 🏡💡" READ MORE

Prestige Properties: Celebrating 40 years on Ibiza

Prestige Properties, a luxury real estate agency in Ibiza, celebrates its 40th anniversary, reflecting on its history and vision. Founded by Pascale Dufournier in 1983, the agency thrived, overcoming challenges and evolving. After Pascale's passing in 2022, Victor Van den Driessche assumed l... READ MORE

Published: 15/08/2023

The Importance of the Energy Efficiency Certificate

The energy efficiency certificate is essential for selling or renting properties in Ibiza. Rated from A to G, it assesses efficiency in aspects like heating, lighting, and insulation. Important for buyers and mandatory for vacation rentals since 2021, it impacts the property's value. The "G"... READ MORE

Published: 15/08/2023

Trends in Ibiza Real Estate

Ibiza's real estate market faces high demand, driven by its uniqueness and investment history. After the 2008 crisis, it recovered, but COVID-19 affected it in 2020. Construction is growing, but most properties are used as second homes. Government measures aim to regulate prices and preserve... READ MORE

Published: 15/08/2023

MODELO 210 - Tax for Non-Resident Homeowners

Non-resident property owners in Ibiza must pay Income Tax and file an annual declaration using model 210. The tax is calculated on the cadastral value, with the base for the EU being 1.1% of that value, while for non-EU citizens, it is 24%. The self-assessment must be filed before December 3... READ MORE

Published: 15/06/2023

Succession Agreement: Planning for an anticipated inheritance

An important concern for many homeowners in Ibiza is how their property will be inherited. The covenant known as an “succession agreement” (“el pacto sucesorio“) is a useful instrument that serves to regulate property transmissions between relatives, and it can be treated from a fiscal point... READ MORE

Published: 15/06/2019

An obstacle for non-EU buyers: obtaining a military authorization

Did you know that a Canadian citizen can freely buy an attic apartment in the centre of Ibiza, but is not allowed to buy an inland property, just a few miles from town, unless s/he receives a specific authorization from the Ministry of Defense?The fact that non-EU ci... READ MORE

Published: 15/04/2019

How can we reduce the Wealth Tax bill?

Wealth Tax (“Impuesto sobre el Patrimonio”) was abolished in Spain in 2008, but a few years ago it was brought back again at national level, and thus, also in Ibiza. This tax is applied both to residents and non-residents when the value of their belongings in Spain is over &... READ MORE

Published: 15/02/2019

What are the mortgage costs that the banks will need to repay?

There has been much talk in the press recently about the latest rulings stating that the banks should have to pay back to their customers at least part of the additional costs of setting up a mortgage. Until recently, there was a clause in the general conditions of mortgage ... READ MORE

Published: 05/12/2018

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